Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — Q1 FY2015-16 Earnings Presentation
11 slides from Singapore Airlines's earnings presentation, Jun 30, 2015
Slide 1: SIA Group Financial Results for Q1 FY2015-16
SIA GROUP FINANCIAL RESULTS For Q1 FY2015-16 Ended 30 June 2015 197200078R SIA GROUP Q1 FY2015-16 Actuals 1
Slide 2: SIA Group Ex-Tiger Q1 FY2015-16 Actuals
SIA GROUP Q1 2015-16 Group Ex- Group # Tiger * Q1 Q1 FY15/16 FY15/16 Total Revenue 3,733.3 3,565.0 Total Expenditure 3,621.9 3,454.0 -- Net Fuel cost 1,252.5 1,190.7 -- Non-fuel expenditure 2,369.4 2,263.3 Operating Profit 111.4 111.0 # Tiger’s results are consolidated with effect from Q3 FY14/15 *
Slide 3: Group Revenue and Expenditure
SIA GROUP EX-TIGER Q1 2015-16 Group Revenue $M 4,000 3,840.2 3,777.4 3,682.2 3,577.6 3,565.0 3,500 Q1 FY15/16 vs Q1 FY14/15 3,000 $117.2 M (-3.2%) 2,500 2,000 Q1 Q1 Q1 Q1 Q1 FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 Slide 5 SIA GROUP EX-TIGER Q1 2015-16 Group Expenditure $M 4,000 3,705.4 3,758.5 3,642
Slide 4: Operating Profit and Composition of Increase
SIA GROUP EX-TIGER Q1 2015-16 Group Operating Profit $M 3.1 % 150 3 Operating 2.1 111.0 Profit 100 1.9 2 $71.5M 81.7 111 (+181.0%) 72.0 50 1.1 1 Operating 39.5 Profit Margin 0.3 +2.0% pts 11.0 0 0 Q1 Q1 Q1 Q1 Q1 FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 Slide 7 SIA GROUP EX-TIGER Q1 2015-16 Compositio
Slide 5: Operating Profit by Company and Net Profit
SIA GROUP EX-TIGER Q1 2015-16 Group Operating Profit Q1 FY15/16 Q1 FY14/15 Better/(Worse) ($ M) ($ M) ($ M) (%) SIA 107.8 45.0 62.8 139.6 SIAEC 20.5 20.7 (0.2) (1.0) SilkAir 4.8 2.0 2.8 140.0 SIA Cargo (8.5) (18.2) 9.7 53.3 Scoot (19.7) (24.5) 4.8 19.6 Slide 9 SIA GROUP Q1 2015-16 Group Net Profit $
Slide 6: Profit Attributable to Owners of the Parent
SIA GROUP Q1 2015-16 Group Profit Attributable to Owners of the Parent $M 120 +11.8 -17.0 +71.9 -10.3 100 Lower Loss this 91.2 share of year vs Loss this 80 losses profit last year vs +56.4 from year gain last (+162.1%) Associates 60 year 40 34.8 Higher 20 operating profit 0 Q1 Operating Associates
Slide 7: Parent Airline Company Operating Statistics and Results
PARENT AIRLINE COMPANY Q1 2015-16 Q1 Q1 Change FY15/16 FY14/15 % Available Seat-KM (M) 29,520.8 30,263.2 -2.5 Revenue Passenger-KM (M) 22,513.6 23,499.4 -4.2 Passenger Load Factor (%) 76.3 77.7 -1.4 pts Pax Yield – include fuel 10.7 10.9 -1.8 surcharge (¢/pkm) Passenger Unit Cost (¢/ask) 8.5 8.7 -2.
Slide 8: Operating Performance: Load Factor and Pax Yields
PARENT AIRLINE COMPANY Q1 2015-16 Operating Performance % Passenger Load Factor 90 Breakeven Load Factor 85 82.0 80.7 -4.0 79.8 79.4 80 -1.2 78.0 -2.1 79.5 -3.1 -2.4 78.0 77.7 76.9 75 75.6 76.3 70 65 60 Q1 Q1 Q1 Q1 Q1 FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 Slide 15 PARENT AIRLINE COMPANY Q1 2015-16
Slide 9: Cost Composition and Fuel Price
PARENT AIRLINE COMPANY Q1 2015-16 Cost Composition Others 274.5 (+10.2, +3.9%) Fuel Cost Post Passenger Costs Hedging 164.0 (-7.6, -4.4%) 9.8% 994.3 (-155.3, -13.5%) LPO* Charges 5.9% 35.5% 143.6 (-9.9, -6.4%) 5.1% Handling Charges 7.8% 218.7 (-0.8, -0.4%) 13.4% 6.4% 16.1% Staff Costs 374.9 (-10.8,
Slide 10: Composition of Decrease in Fuel Cost
PARENT AIRLINE COMPANY Q1 2015-16 Composition of Decrease in Fuel Cost (After Hedging) $M 1,149.6 -437.0 Hedging 1,150 loss vs -155.3 gain last +53.6 -11.5 (-13.5%) year 994.3 Stronger 900 US Dollar +239.6 650 Lower weighted average fuel price Q1 Price Hedging Exchange Others Q1 FY14/15 FY15/16 Slid
Slide 11: Fuel Hedging Position
SIA GROUP EX-TIGER Fuel Hedging Position Q2 FY15/16 H2 FY15/16 Jet Fuel Jet Fuel Brent Percentage hedged 55.4 44.4 4.2 (%) Average hedged price 104 94 102 (USD/BBL) Slide 21 11
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